Laura Jewett

Laura Jewett

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Closed

$994,000

($173,408 down)
FHA

1039 E 10th Street, Long Beach, CA 90813

2
1
1,018 sqft
PITI Monthly
$6,987.07 /mo

Listing courtesy of: Sylvia Webb, Berkshire Hathaway Home Servic

Assumed Rate

6.26%
7.15%

Principal & Interest

$5,144 /mo
$5,637 /mo

What's Special

INVESTORS
LOCATION
SPACIOUS
MODERN
RENOVATED
CHARMING
RENTAL INCOME

**Charming Two-Story Duplex in Prime Long Beach Location – Ideal for First-Time Investors and Homeowners** Explore this recently renovated two-story duplex, perfectly situated just 4 minutes from the ocean in Long Beach. With two separate units, this property offers an excellent opportunity for first-time investors or homeowners looking to supplement their mortgage with rental income. **Location Highlights:** - Prime location, only 4 minutes from ocean - Easy access to Anaheim Street train station - Just 7 minutes to Long Beach Port and 9 minutes to Long Beach Airport - Close to Long Beach Convention Center, Belmont Shore, and other popular attractions **Property Features:** **Investment Potential:** This duplex offers two units, each thoughtfully updated to appeal to tenants or owner-occupants. Whether you're looking to generate rental income or have a place to call home, this property is a smart choice for those starting out in real estate investment. This neighborhood is part of the Downtown Long Beach Update Plan. **Unit Features:** **Modern Kitchens:** - Recently renovated with new appliances including dishwasher, fridge, stove, washer and dryer - Kitchens offer ample storage for all essentials for convenient living **Comfortable Living Spaces:** - Spacious living areas with tasteful updates and decor - Wired for High-speed internet connectivity for work-from-home setups **Inviting Bedrooms:** - Queen and full-size bedrooms with ample closet space and storage - Each unit has space for a dedicated work area, perfect for remote work **Updated Bathrooms:** - Freshly renovated with modern fixtures and amenities - Convenient access to private washer/dryer facilities in each unit **Versatile Opportunity:** This duplex is ideal for first-time homeowners looking to offset their mortgage with rental income or for investors seeking a property in a desirable location. The proximity to the ocean and major city attractions makes it highly attractive to potential tenants. Seize the opportunity to own this charming duplex in Long Beach and start building your investment portfolio or enjoy the benefits of supplemental income as a homeowner. **Disclaimer:** Color schemes and amenities may vary from images shown.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.26
Remaining Loan Term
28 years, 0 months
Monthly PITI
$6,987.07/mo
Estimated Loan Balance
$827,340
Cash to close
$173,408
Interest Paid
$103,310

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: WallWindowUnits
  • Heating: Central
Features
  • Materials: WoodSiding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Vinyl

Exterior

Fencing
  • Fencing: AverageCondition
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 2
  • Home type: Duplex
  • Architectural Style: Bungalow
Materials
  • WoodSiding
  • Roof: Composition
Condition
  • Year Built: 1920
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Downtown (DT)
  • Features: StreetLights, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Long Beach

Financial Details

  • Price per Sqft: $976.42
  • Tax Annual Amount: $12425
  • On Market Date: 2024-08-28T00:00:00.000Z
Inquire about this property

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Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $173,408 (17%)
You can enter any amount below - secondary financing will cover the difference if needed.
17%
$

You cover the entire equity of $173,408!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage6.26% Sellers Rate
$820,592
Your Cash$173,408
Total Purchase Price:$994,000

Assumed vs Traditional Mortgage

Assumed @ 6.26%
$5,144/mo
Traditional @ 7.5%
$5,847/mo
You save $703/month ($8,435/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RS24178647

Listing From:

Last updated: 2024-10-17T12:28:00.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

6.26%
7.15%

Principal & Interest

$5,144 /mo
$5,637 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $173,408 (17%)
You can enter any amount below - secondary financing will cover the difference if needed.
17%
$

You cover the entire equity of $173,408!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage6.26% Sellers Rate
$820,592
Your Cash$173,408
Total Purchase Price:$994,000

Assumed vs Traditional Mortgage

Assumed @ 6.26%
$5,144/mo
Traditional @ 7.5%
$5,847/mo
You save $703/month ($8,435/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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